Goldman Urges $3.9B Debt Restructure for Nine Entertainment

The mezzanine holder reiterated its desire for a consensual restructuring

By

Gillian Tan

October 4, 2012 10:52 p.m. GMT

Goldman Sachs Group and its controlled mezzanine debt funds have written to Nine Entertainment and CVC Asia Pacific to reiterate the desire for a consensual restructuring of the group's 3.8 billion Australian dollar ($3.9 billion) debt, a person familiar with the matter said.

Goldman and its funds own almost A$1 billion in mezzanine debt, while the remaining A$2.8 billion of senior debt maturing in February 2013 is owned by firms including Oaktree Capital Group and Apollo Global Management .